by Brianna Crandall — August 11, 2014—Real estate services firm Transwestern recently announced it has been named the exclusive property manager for the Plaza Buildings, two Class A office buildings at 10800 and 10900 N.E. 8th St. in the Central Business District of Bellevue, Washington, approximately 12 miles east of Seattle. The buildings are owned by KBS Capital Advisors, the exclusive advisor for KBS’ publicly registered, non-traded real estate investment trusts (REITs).
Plaza Center is a 16-story tower totaling 345,586 square feet, and U.S. Bank Plaza is a 10-story building consisting of 144,510 square feet. The two buildings share a six-level parking structure. With current overall occupancy of 79 percent, the Plaza Buildings’ notable tenants include U.S. Bank National Association, Visa Inc. and Blucora Inc.
“The Plaza Buildings span an entire city block, providing excellent visibility for both buildings,” said Transwestern Senior Vice President Mark Jackson, head of property management services in the Seattle and Puget Sound region. “These are two of the premier properties in Bellevue, a town that has emerged into a world-class destination for employment opportunities and residential living. We are honored to have been chosen by KBS Capital Advisors for this high-profile management assignment.”
The Plaza Buildings are surrounded by almost 5 million square feet of Bellevue’s finest retail and entertainment centers, including Bellevue Square and The Bravern, a mixed-use development with luxury shopping, dining and residential units. The buildings have convenient access to Interstates 405 and 90, the Bellevue Transit Center and State Route 520, and they are in close proximity to the Bellevue Arts Museum and Meydenbauer Center, two of the region’s most outstanding arts and convention venues.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate.
